‘We will be staying with him until the end’: Salt Entertainment shuts down rumors about Kim Seonho’s contract expiration
Salt Entertainment, Kim Seonho’s entertainment agency, clarified that the actor has “over a year left” on his contract amid expiration rumors.
In a report from Soompi, Salt Entertainment said rumors about Seonho’s contract expiration are “groundless and completely untrue.” “Contract renewal negotiations typically start when there are three months left on a contract, but (Seonho) currently has a year left to go, so it isn't even time for us to be negotiating a contract renewal yet. We will be staying with (Seonho) until the end.”
After controversies involving Seonho and his ex-girlfriend broke out, an industry insider revealed that the actor’s contract expired in September 2021 and he was negotiating for a renewal.
Salt Entertainment revealed that it was “mutually agreed” that Seonho would stay with the agency from September 2018 to September 2019 before discussions on his contract expiration would take place.
Three months before Seonho’s contract expiration, discussions on the contract were underway, however, he “became busy with promotions” and “both the actor and the company had a solid faith in each other.”
“According to the actor’s request, we renewed the term of the contract for March 2020 through March 2023. We also signed an annex agreement stating that the contract would be automatically renewed for another year annually until March 2027 unless one of the parties provides notice of its intent not to renew,” Salt Entertainment’s statement read.
The entertainment agency also requested for “understanding” about the matter.
Seonho was previously tagged in a scandal where his reported ex-girlfriend revealed that she was forced by the actor into having an abortion.
The actor gained widespread recognition after starring in K-dramas Start-Up and Hometown Cha-Cha-Cha.